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Sierra Leone to access EU fisheries market

Sierra Leone to access EU fisheries market

(InformAfrica) — Sierra Leone has signed an agreement with Dutch firm Precon to facilitate access to EU markets for its fish and fisheries products, the marine resources minister said Saturday.

Foreign banks suspend operations in Ivory Coast due to political crisis

Foreign banks suspend operations in Ivory Coast due to political crisis

Ivory Coast’s biggest bank, a unit of Societe Generale, said it was suspending its activities on Thursday, the latest in an exodus of foreign banks that is turning political crisis into financial meltdown.

China to build $1.2 billion airport in Sudan

China to build $1.2 billion airport in Sudan

A Chinese company has won a 900 million euro contract to build a new international airport in the Sudanese capital Khartoum, underscoring the close links between China and sanctions-hit Sudan.

Group in plans to build lodges near Mountain Kilimanjaro

Group in plans to build lodges near Mountain Kilimanjaro

High returns in the real estate sector have attracted an investment group that seeks to buy 420 hectares on the foothills of Mount Kilimanjaro and put up lodges.

Ethiopia to gain entry into World Trade Organization

Ethiopia to gain entry into World Trade Organization

Ethiopia said on Tuesday it expected to gain entry to the World Trade Organisation soon without giving way to foreign demands that it open up its banking and telecoms sectors.

China offers Zimbabwe $3 billion for platinum reserves

China offers Zimbabwe $3 billion for platinum reserves

China has offered Zimbabwe $3 billion for vast platinum reserves, a local private newspaper reported on Friday but said the deal was likely to be rejected by the government over its terms.

First Quantum to invest $1 billion in Zambia’s new copper mine

First Quantum to invest $1 billion in Zambia’s new copper mine

Canadian group First Quantum Minerals will invest $1 billion in a new copper mine in Zambia, its president said on Tuesday.

Clive Newall told reporters the investment will include a copper smelter to handle concentrate from a mine expected to produce 300,000 tonnes of copper annually at peak production.

Algeria to spend 8 billion euros on power plants by 2018

Algeria to spend 8 billion euros on power plants by 2018

Algeria’s state-run power utility plans to spend at least 8 billion euros ($11 billion) on the construction of 10 power plants by 2018, the official APS news agency reported on Tuesday.

Nigeria’s vehicle imports declined 18% in 2010, based on weak credit

Nigeria’s vehicle imports declined 18% in 2010, based on weak credit

New vehicle imports into Nigeria declined 18 percent in 2010, reflecting weak credit growth in sub-Saharan Africa’s second-biggest economy in the wake of a $4 billion bank bailout the previous year.

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